Disney announces the acquisition of Capital Cities/ABC. As a result of the $19-billion merger, Disney will add the entire ABC television network, key affiliates, ABC radio networks, publishing enterprises, and

much more to its rapidly expanding roster of business units. (Ironically Disney's relationship with ABC began in

1954 when Walt Disney agreed to produce a TV series in return for ABC's investment in Disneyland.)

2005:

The Hong Kong Economic Times reports that Disney plans to open a theme

Sofia Carson as modernized depictions of the teenage children based on the villains featured in Walt Disney Studios' animated film franchise. The soundtrack (released on the same day) debuts at No. 1 on the Billboard 200.